24 Scribner AvenueNorwalkCT06854
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Norwalk at 24 Scribner Avenue, Norwalk, CT, 06854 priced at $739,500 converts $7,200/mo rent into $2,176/mo cash flow after a $3,619/mo obligation. Total monthly income equals $7,200/mo, and annual cash flow totals $26,111/yr on $243,296 invested. Return on cash invested prints 30.79% in year one, and rental yield reads 11.68% against a $739,500 entry. Equity gained on principal adds $4,772/yr, while 5% annual appreciation compiles into $204,310 by year five. Five-year ROI reaches 161.96% and total cumulative return in cash sums $394,053. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,200/mo property income covering a $3,619/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06854, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,442 (100%) |
| Owner Occupied HU | 5,243 (42.1%) |
| Renter Occupied HU | 6,566 (52.8%) |
| Vacant Housing Units | 633 ( 5.1%) |
| Median Home Value | $531,431 |
| Average Home Value | $634,519 |
Housing Distribution
Address Breakdown
Residential
11,492
Single Family
8,781
Multi-Family
2,711
Businesses
998
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Judith C. Rush • Dave Jones Realty, LLC
Mls Name: Smart MLS
Mls ID: #24146720